High voltage electric heaters Market to experience Huge Growth in Near Future 2
Posted by Shabina on April 30th, 2021
High voltage electric heaters are very light weighted and compact in size, which makes them suitable to be used in hybrid and electric vehicles. Also, the output heat generated from these devices is highly variable, which drives the usage of these devices, thereby driving the growth of the high voltage electric heater market. Global High Voltage Electric Heater market was valued, in 2017 USD XX million and in 2024 is expected to reach at USD XX million with growing CAGR of XX%.
Market Dynamics:
The high voltage electric heater market is booming due to increase in environmental concerns has led to a rise in the adoption of low polluting vehicles, such as electric and hybrid vehicles. The profits existing by these vehicles are expected to grow the market considerably in the future. Factors like lack of wasted heat generation in electric and hybrid vehicles are now overcome by a device known as a high voltage electric heater. Many countries in the North American and European regions are cold countries, where the adoption of electric and fuel-cell powered vehicles are high, which generates the requirement for such heating devices, since minimal heat is required to keep the windows clean from fog and to develop comfort in the cars. High voltage electric heaters are heating devices which convert electricity into heat in order to generate sufficient heat within the vehicle for the comfort of passengers. These heating systems discharge air with controlled temperature into the interior of the vehicle by a heat exchanger.
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Market Players:
High Voltage Electric Heater market consist of various players, few key players of the market are Schaltbau GmbH, Dbk Group Ltd., Webasto SE, , San Electro Heat A/S, Mahle GmbH, Thermocoax SAS, Eberspächer Gruppe GmbH & Co. KG among others.
Market Segmentation:
The High Voltage Electric Heater market is classified into sales channel, vehicle type, medium of heat generation and region. Based on the vehicle type, the High Voltage Electric Heater market is bifurcated hybrid and electric vehicles. Moreover, on the basis of medium of heat generation the High Voltage Electric Heater market is classified into water and air heaters. On the basis of sales channel the High Voltage Electric Heater market is bifurcated into OEM and aftermarket.
Further, on the basis of region the market is segmented into North America, Europe, APAC, Latin America and Middle East & Africa. By region North America is expected to dominate throughout the forecast period.
Market segmented based on medium of heat generation:
• Air Heaters
• Water Heaters
Market segmented based on vehicle type:
• Electric Vehicles
• Hybrid Vehicles
Market segmented based on sales channel:
• OEMs (Original Equipment Manufacturers)
• Aftermarket
Market segmented based on region:
• North America
• US
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• Rest of Asia-Pacific
• Latin America
• Brazil
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA
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